Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

2
Posts
0
Votes

Which route makes the most financial sense

Posted

A quick overview ,So my wife and I have our own property fully paid off. We own a duplex that we put $150,000 down 3 years ago using a HELOC that we still have access to on our primary residence that is now paid off. Also I have the ability to use a VA loan for my primary so I would not need to put any money down on new primary. Our house is worth about $350,000 and the duplex other than the equity we put in with the down payment does not have much Equity at all.

I don't know what the best course of action to do is if I should just pull out my $150,000 heloc again and buy another $500,000 duplex and keep doing that over and over again. Or should we sell our primary take the $350,000 buy two new duplexes and then buy a primary with zero money down with my VA loan.

Third option is just keep saving up money since our house is paid off and every couple years by a duplex with our saved money

Most Popular Reply

User Stats

7,926
Posts
6,316
Votes
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,316
Votes |
7,926
Posts
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Jeremy Muehlbauer there's probably no "right" or "wrong" answer here but keeping your properties as is and buying another home with 0% down seems like a pretty good option to me. I love my VA loans and the houses I purchased with them. Just a thought.

  • Andrew Postell
  • Loading replies...